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Savings Products

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Savings Products

Regular Monthly Savings

7% p.a.

A compulsory regular savings account held for as long as membership continues.

  • Compulsory while membership continues
  • 7% interest per annum
  • Counts towards loan eligibility

Child Savings

9% p.a.

A higher-interest savings account for children from birth up to the age of 10.

  • 9% interest per annum
  • Birthday gift for child members
  • Operated through a guardian

Fixed Deposit

6.5% – 8% p.a.

Deposit for a fixed term and receive interest at regular intervals.

  • Interest paid every 3 or 6 months
  • 6.5% – 8% depending on the term

Voluntary Savings

5% p.a.

A flexible account you can pay into and withdraw from at any time.

  • Deposit or withdraw at any time
  • No extra fee to open once you are a member
  • 5% interest per annum
Interest rates

Savings interest rate table

Rates may change — contact the office for the current rate.
Savings product Interest rate Tenure
Regular Monthly Savings 7% —
Child Savings 9% —
Fixed Deposit 6.5% – 8% 1 to 3 years
Voluntary Savings 5% —
Housewife Savings 9% – 12% 1 to 7 years
Festival Savings — Minimum 1 year
Memorial Endowment Savings 12% —
Cooperative School — —
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